REG - Burford Capital Ltd - Completed Share Purchase by Employee Benefit Trust

Burford CapitalAnnouncement

13/04/2022 17:45

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RNS Number : 3330I  Burford Capital Limited  13 April 2022

 

13 April 2022

 

 

COMPLETED PURCHASES OF ORDINARY SHARES BY EMPLOYEE BENEFIT TRUST

 

Burford Capital Limited, the leading global finance and asset management firm
focused on law, today announces that it was notified by the trustee of the
Burford Capital Employee Benefit Trust (the "EBT") that it has completed the
purchases in the open market of 150,000 of Burford's ordinary shares of nil
par value ("Shares") in accordance with Burford's irrevocable instructions.

 

Details of the completed purchases of the Shares are set forth below:

 

 Date            Stock Exchange  Number of Shares Acquired  Average Price Paid Per Share
 April 8, 2022   LSE             50,000                     719.9100p
 April 11, 2022  LSE             49,580                     712.8820p
 April 12, 2022  LSE             50,420                     709.4264p

 

The weighted average price of the purchases of the Shares on the London Stock
Exchange was 714.0631p per Share.

 

As previously announced, the purchased Shares will be held by the trustee of
the EBT and used to satisfy vested awards made under Burford Capital's 2016
Long Term Incentive Plan. The EBT is a discretionary trust for the benefit of
the employees of Burford and its subsidiaries.

 

Further, Burford's other service providers are expected to continue purchasing
the Shares on the open market up to the previously specified maximum number of
the Shares to defray obligations under Burford's deferred compensation plan.

 

 

For further information, please contact:

 

 Burford Capital Limited
 Robert Bailhache, Head of Investor Relations, EMEA and Asia - email  +44 (0)20 3530 2023
 (mailto:rbailhache@burfordcapital.com)
 Jim Ballan, Head of Investor Relations, Americas - email             +1 (646) 793 9176
 (mailto:JBallan@burfordcapital.com)

 Numis Securities Limited - NOMAD and Joint Broker                    +44 (0)20 7260 1000
 Giles Rolls
 Charlie Farquhar

 Jefferies International Limited - Joint Broker                       +44 (0)20 7029 8000
 Graham Davidson
 Tony White

 

About Burford Capital

Burford Capital is the leading global finance and asset management firm
focused on law. Its businesses include litigation finance
(https://www.burfordcapital.com/) and risk management, asset recovery and a
wide range of legal finance and advisory activities. Burford is publicly
traded on the New York Stock Exchange (NYSE: BUR) and the London Stock
Exchange (LSE: BUR), and it works with companies and law firms around the
world from its principal offices in New York, London, Chicago, Washington, DC,
Singapore, Sydney and Hong Kong.

 

For more information, please visit www.burfordcapital.com
(http://www.burfordcapital.com) .

 

 

This communication shall not constitute an offer to sell or the solicitation
of an offer to buy any ordinary shares or other securities of Burford.

 

This release does not constitute an offer of any Burford fund. Burford Capital
Investment Management LLC, which acts as the fund manager of all Burford
funds, is registered as an investment adviser with the US Securities and
Exchange Commission. The information provided herein is for informational
purposes only. Past performance is not indicative of future results. The
information contained herein is not, and should not be construed as, an offer
to sell or the solicitation of an offer to buy any securities (including,
without limitation, interests or shares in the funds). Any such offer or
solicitation may be made only by means of a final confidential private
placement memorandum and other offering documents.

 

Forward-looking statements

This announcement contains "forward-looking statements" within the meaning of
Section 21E of the US Securities Exchange Act of 1934, as amended, regarding
assumptions, expectations, projections, intentions and beliefs about future
events. These statements are intended as "forward-looking statements". In some
cases, predictive, future-tense or forward-looking words such as "aim",
"anticipate", "believe", "continue", "could", "estimate", "expect",
"forecast", "guidance", "intend", "may", "plan", "potential", "predict",
"projected", "should" or "will" or the negative of such terms or other
comparable terminology are intended to identify forward-looking statements,
but are not the exclusive means of identifying such statements. In addition,
we and our representatives may from time to time make other oral or written
statements which are forward-looking statements, including in our periodic
reports that we file with, or furnish to, the US Securities and Exchange
Commission, other information sent to our security holders and other written
materials. By their nature, forward-looking statements involve known and
unknown risks, uncertainties and other factors because they relate to events
and depend on circumstances that may or may not occur in the future. We
caution you that forward-looking statements are not guarantees of future
performance and are based on numerous assumptions, expectations, projections,
intentions and beliefs and that our actual results of operations, including
our financial position and liquidity, and the development of the industry in
which we operate, may differ materially from (and be more negative than) those
made in, or suggested by, the forward-looking statements contained in this
announcement. Significant factors that may cause actual results to differ from
those we expect include those discussed under "Risk Factors" in our Annual
Report on Form 20-F filed with the US Securities and Exchange Commission on
March 29, 2022 and other reports or documents that we file with, or furnish
to, the US Securities and Exchange Commission from time to time. In addition,
even if our results of operations, including our financial position and
liquidity, and the development of the industry in which we operate are
consistent with the forward-looking statements contained in this announcement,
those results of operations or developments may not be indicative of results
or developments in subsequent periods.

 

Except as required by law, we undertake no obligation to update or revise the
forward-looking statements contained in this announcement, whether as a result
of new information, future events or otherwise.

 

 

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